Bitcoin (BTC), the flagship cryptocurrency in the world, started a new cycle on its 10th birthday. Bitcoin was officially released on Friday, October 31, 2008. Let's first see how the BTC/USD 4H chart below stands and ascertain how BTC ended its correction on Wednesday, October 31, 2018, and how it started its next cycle. BTC finished its correction in 2014 the same way it happened at the end of last month, by first going above the triangle and thereafter correction above it.

With all these staggering price dips, this year has obviously not been a huge success for crypto market investors. A prolonged bear market has caused many people to talk about a possible crisis and even a crypto crash. Many people fear a possible negative outcome but Tyler Cowen does not.

South Korean local police conducted a serious operation that led to five hackers being arrested and put behind bars on Thursday November 8, 2018 for illegally installing malicious cryptocurrency mining malware on over 6,000 active computers (PCs) with the aim of stealing cryptos such as Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC) and others. The Korean government together with the police and other authorities pay allegiance to protect people and their property.

On Tuesday November 6, the Central Bank of China released a working paper and revealed that the bubbles in distributed ledger technology (DLT) financing are distinct and illusory. The Chinese government is considering to reinforce supervision in order to defend its citizens against major financial risks.

Bitcoin is regarded as one of the oldest and well-known digital currencies  on the crypto market today. The coin has recently celebrated its tenth anniversary since Satoshi Nakamoto created it. Despite this, the Chinese seem to have lost interest in Bitcoin, it has fallen to 19th place in a popular ranking.

Lawyer Jake Chervinsky tweeted about the recent rejection of nine Bitcoin (BTC) ETFs by the US SEC and said it would probably be done next month. Ran NeuNer earlier falsely revealed that the authority was to call BTC ETFs by Mon Nov 5, 2018.